🏖️ Outer Banks Real Estate Weekly Recap: September 14-21, 2025

The Outer Banks real estate market continues to build momentum this week, driven by easing mortgage rates that are drawing buyers back into the fold. From Corolla to Hatteras, activity is on the rise, with a noticeable uptick in homes going under contract.

As the summer rental season winds down, sellers are adjusting their strategies—price reductions climbed compared to the previous week, signaling a shift toward more competitive listings. With both buyers and sellers responding to changing market conditions, the fall season is kicking off with renewed energy and a push toward equilibrium.

📊 Weekly Market Snapshot

Total
New Listings 42
Back on Market 9
Expired Listings 6
Price Reductions 60
Properties Sold 33
Total Under Contract 286
  • Average List Price (Sold): $799,366
  • Average Sold Price: $739,154
  • Price-to-Sold Ratio: ~96.5%
  • Average List Price (New): $672,264

💰 Market Spotlight

This week saw 5 new listings priced over $1 million, several new condo listings in Pirates Cove as well as 30 new single-family homes listed from Corolla to Hatteras.

📉 Mortgage Rates & Market Momentum

After months of volatility, mortgage rates have finally begun to ease, creating a more favorable environment for buyers. This shift is already reflected in the uptick in contracts and price adjustments. If rates continue to trend downward, we could be entering a more active fall season for Outer Banks real estate.

“We’re seeing renewed energy in the market. Buyers who were waiting on the sidelines are starting to re-engage, and sellers are responding with strategic price changes,” says Matt Huband, Broker/Owner of OBX Realty Group.

🏡 What This Means for Buyers & Sellers

  • Buyers: Now’s the time to act before competition heats up. Look for price-reduced properties and elevated lots with strong rental potential.
  • Sellers: Keep up to date on how your property is priced in the market.

📬 Stay Connected

With over two decades of experience, Matt ranks in the top 7% of all Outer Banks Realtors for total sales volume and the number of houses sold since 2003. His expertise and dedication make the selling process smooth and successful.

Ready to take the next step? Contact Matt today and start your journey toward selling—or buying—your dream Outer Banks property. Is there something you want to see added to the weekly real report?? Different stats? More info about the OBX? Anything? Let me know I will be happy to try and add it to next week’s report.